Mr. Pedro Villagran-Garcia, the President and CEO of Alumifuel Power Corp (OTCMKTS:AFPW), updated on recent acquisitions. The company finalized a cash and stock deal with Seger Realty under which it will buy a block in the outskirts of Atlanta, Georgia.

Focus on Industrial Real
Estate

Atlanta, Georgia, is a place where the real estate prices are witnessing
a strong momentum, making it a perfect fit for both residential as well as
commercial projects. As of now, the project investment is planned up to
$350,000 in land improvement and infrastructure. It should be noted that the
residential development portion will be offered largely to Atlanta commuters,
following lower taxes and great access.

Alumifuel intends to start all the activities related to this project,
like permitting, fitting of public utilities, and construction of office and
residential spaces, immediately. While the company has a team of specialized
international contractors to work on specific tasks, it has invited local
contractors to send their proposals for other activities. The project will be
completed as per environmental regulations. Also, the company has approached
renowned real estate agents like Century 21, Coldwell Banker, and Remax for
this project. Although Alumifuel is looking to expand its presence in Mexico,
its focus continues to be on the United States.

Alumifuel is not looking for any reverse split shortly. Also, there
are no debt conversions in the company’s book. The company expects revenue to come
between $5 million-$11 million USD for 2020. Alumifuel looks in the best shape
since its start and from a reasonable perspective, due also to their new
shareholders, assets it currently hold, their market awareness, projects,
liaisons, and developments. Its financial health can be assessed by analyzing
financial performance to overall market performance.

In other news, Alumifuel reported that Pedro Villagran Ochoa would be
General Manager for Novofuel. Mr. Ochoa has extensive knowledge and experience
in foreign investment. Also, he has a remarkable network within the Mexican
Federal Government. This opens a whole new set of opportunities for the
company, right from retaining excellent executives and making substantial
progress in deal negotiations.

Alumifuel
Power Corp (OTCMKTS:AFPW) or Dinatrum is gearing up to present the
financial statements to OTC Markets as per the mandate and expects to come out
of the stop mark next week. This initiative helps the company to honor the
already negotiated transaction with Alchemist
Inc and proceed to develop the real estate projects.

To
cancel free trading shares

According to the Chief Executive
Officer and President, Pedro Villagran Garcia, Alumifuel plans to cancel the
free trading shares, and lower shares count on its float to 3.9 billion. It
would reduce the amount of around 300 million shares. After the stock value
increases, this number would create positive momentum. It accounts for 7.5% of
the total float. Alumifuel decided to reduce the number of authorized shares to
7.2 billion from 10 billion.

US
Patent issued to Novofuel is valid

CEO of Alumifuel said the US patent
8,974,765 issued to its subsidiary – Novofuel is valid. The copyright is issued
to produce hydrogen under controlled conditions with the help of aluminum-based
water splitting reactions.

The patent assumes significance
because Europe is turning to environmentally friendly fuels. Hydrogen is the
right element for eco-friendly energy production. According to Pedro, several
firms have approached Alumifuel for hydrogen.

Dinatrum to invest in Alchemist

Dinatrum
announced the signing of LOI to invest C$3.5 million in Alchemist Inc. The unit
price for the investment is considered at Canadian cents 0.25. Dinatrum will
receive 14 million shares from Alchemist after investing. Alchemist has
received conditional approval from CSE for trading on completion of C$3.5 million
investment.

Alchemist
offer consulting and technology services for the California based cannabis
sector. Dinatraum plans to explore real estate opportunities in the US and
California through investing in Alchemist. The company will sign the formal
accord after mobilizing the fund.

Pedro
commenting on the development said the company would provide details of the
investment plans to the shareholders. The details would include project
financing process flow-chart, financing details, the scope of work, and planned
acquisitions. Dinatrim is eyeing the real estate market in the US, where the
economy is growing at a stronger rate of 2.1% of the GDP.

Alumifuel Power Corp (OTCMKTS:AFPW) reported that its staffing subsidiaries added 30 new clients in the Q2 2017. This marks the first full quarter with Chief Executive Ryan Schadel with the company. Mr. Schadel reported that while they are thrilled by some of their second quarter numbers, especially average billing per customer and the number of new customers, this is just the start of what the company can scale into.

The details

Presently, the company has an extremely small service area in their staffing operations. With a minor investment of talent and time, the management consider they can organically improve topline revenues above the preliminary target of $10 million annually, with the staffing division alone.

Schadel added that as a whole, he would like to see their staffing division constitute for up to 50% of total revenues as they work on other business prospects, so they have some works to do in other segments to achieve that balance.

Alumifuel Power previously posted topline revenue of around $425,000 for the second quarter closed June 30, 2017. The company with the help of its 100% owned subsidiaries is working to transform into a diversified holding firm. All the efforts are being taken under new direction and is anticipated to get a new name – Phoenix Equity Holdings Corporation.

In addition, the firm is looking other revenue producing acquisition prospects for new cash flow streams. As of now, the company currently operates three units in the growing provisional staffing market and has exclusive technology for hydrogen generation through NovoFuel.

In the last trading session, the stock price of Alumifuel traded in a narrow range and closed absolutely flat at $0.00010. The traded share volume was 7.16 million compared to average share volume of 52.64 million. As per the last close, the market cap of firm stands at 222,850.

Alumifuel Power Corp (OTCMKTS:AFPW) reported that its staffing subsidiary units added a combined 30 new clients in Q2 2017. This marks the first complete quarter with CEO Ryan Schadel at the lookout of company.

Mr. Schadel reported that while they are thrilled by some of their second quarter figures, especially average billing per customer and the number of new customers, this is just the surface of what they can scale into. Presently, they have a small service area in their staffing operations. With a minor investment of talent and time, Schadel consider they can organically improve topline revenues beyond preliminary target of $10 million annually, with company’s staffing division alone.

The details

The CEO of Alumifuel reported that as a whole, they would like to see their staffing division account for no more than 50% of revenues as they establish other business prospects, so they have some work to do in other segments to achieve that balance. Alumifuel previously announced topline revenue of around $425,000 for the second quarter closed June 30, 2017.

For Q1 2017, Alumifuel recorded total topline sales of around $302,000. In the subsequent quarter, the company posted total topline revenue of nearly $425,000, exhibiting a quarter to quarter revenue growth of nearly 40.7%. The firm also validated that it has obtained the required shareholder votes to change to its Articles of Incorporation, decreasing its authorized shares as earlier disclosed. Said amendment was given to the State of Wyoming in the last month.

Alumifuel also confirmed its strategy of becoming current with none other than OTC marketplace. The firm anticipates to disclose its financial report for all unreleased quarters in the imminent 90 days and then will look for an official name change to Phoenix Equity Holdings Corporation. As it is known, the company comes in the list of voluntary SEC filer and looks to embrace the Alternative Reporting Standard with the OTC Marketplace.

Alumifuel Power Corp (OTCMKTS:AFPW) issued preliminary revenue report for the first and second quarters of 2017. For Q1 2017, the company recorded topline revenue of around $302,000 while in Q2 2017, the total topline revenue came at around $425,000, representing a QoQ revenue jump of approximately 40.7%.

The details

Alumifuel confirmed that it has required the necessary shareholder votes to modify to its Articles of Incorporation, lowering its authorized shares as previously announced. Said amendment was filed to the State of Wyoming in the last month. Lastly, the firm confirmed its plan of becoming current with otcmarkets.com. The firm projects to submit its financial report for all unreleased quarters within the subsequent 90 days and will then submit for an official name change with FINRA to turn Phoenix Equity Holdings Corporation.

Alumifuel Power is a deliberate SEC filer and plans to adopt the Alternative Reporting Guideline with the OTC marketplace. The information in this announcement is preliminary and dependent upon the information accessible to the firm as of the date of this announcement. The data above is forward-looking and subject to adjustment or revision. However, the firm does not anticipate material revisions to these initial results.

Alumifuel Power, operating via its wholly owned subsidiary units, is developing into a diversified holding entity under the guidance of new leaders and is projected to be retitled Phoenix Equity Holdings Corporation. The firm is evaluating numerous revenue generating acquisition prospects as it works to establish a strong cash flow stream.

As of now, Alumifuel operates three segments in the multi-billion-dollar provisional staffing market and owns patented know-how for hydrogen generation via its wholly owned subsidiary named NovoFuel.

In the last trading session, the stock price of Alumifuel declined more than 44% to close the day at $0.00010. The decline came at a share volume of 11.47 million compared to average share volume of 72.18 million.

Alumifuel Power Corp (OTCMKTS:AFPW) reported that an accredited private investor and the firm’s largest convertible noteholder have finalized a definitive deal for the acquisition of the majority of the firm’s outstanding convertible debt.

The details

On May 8, 2017, Alumifuel Power reported that it was in final stages of talks with its a private investor and majority debt holder for the acquisition and then retirement of considerably all of the firm’s outstanding convertible debt. Last week, the firm was notified that the debtholder and investor had accepted terms for a planned purchase plan and implemented a securities purchase and escrow deal for the acquisition of specific convertible notes held by the firm’s primary debt holder.

Ryan Schadel, the CEO of Alumifuel, reported that getting all entities on the same page with this agreement took a little longer than he has initially considered. He has delighted that it is now closed. Having a shareholder in the firm with a longer term investment scope come in and buy the firm’s convertible debt is a positive advancement for all investors.

He projects to close a funding commitment from the shareholder to also put new funds into the firm on more conventional terms. Doing so will give them the flexibility to implement on acquisition prospects without toxic debt as their funding source. This will advance company’s planned deal of Meds R Us, a preliminary rate cannabis dispensary in California.

Alumifuel revealed that it is working on yet another deal that is projected to close within the imminent 10 days. More update will be given as it becomes accessible.

AlumiFuel is in the process of transforming into a diversified holding firm under new management and is anticipated to be retitled Phoenix Equity Holdings Corporation. It is even assessing different revenue generating acquisition opportunities as it intends to build a notable cash flow stream.